Yes I have seen it worse. The mid 80's when oil prices dropped to about $10 a barrel.
Every problem I see today was brought on ourselves by our greed for the fast pace good life.
We bought houses we could not afford because we were not satisfied with a roof over our head. We needed every new toy that came out and our credit was good enough so we got them.
Well the chickens have come home to roost so now it is time to pay the piper. We have very little outs this time because we put our wives to work long ago to pay for our lifestyle.
So while the wheels may not be falling off some sectors will suffer. We can no longer afford big SUV's or big fancy houses so some will get layed off.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
... [Read Article]
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